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Listed by Robert Johnston • Marcus & Millichap
$9,980,000
Est. payment /mo
20,832 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 20,832 sqft
Price per Sqft $479
MLS Listing ID ML82018923
Year Built 1963
Lot Size 0.377 Acres
Property Sub-Type Five or More Units
Property Description
616 Canyon Rd is an exceptional 24-unit apartment community located in thriving Redwood City, California. This podium-style building boasts superior construction quality, offering both modern design and long-lasting durability. Situated on a 16,422 square foot parcel of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 20,832 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans with select units featuring private balconies. The subject property also offers tenants convenient amenities such as storage lockers, private garage parking and a shared on-site laundry facility. Additionally, the subject property has recently undergone significant capital improvements including fresh paint, SB721 compliance and façade upgrades. The subject property is situated one block from the prestigious Emerald Hills and is within close proximity from the lively Downtown Redwood City which offers tenants a myriad of high-end shopping, dining and entertainment options. The Redwood City Caltrain Station, U.S. Hwy-101, I-280, the San Mateo-Hayward Bridge and the Dumbarton Bridge offering an inexpensive, hassle free commute to major employment and entertainment centers.
Location
State CA
County San Mateo
Area Cordilleras Heights Etc.
Zoning R20000
Interior
Heating Other
Cooling Other
Exterior
Parking Features Assigned Spaces, Attached Garage
Garage Spaces 15.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Individual Water Meter, Public
Others
Restrictions None
Tax ID 057-184-190
Security Features None
Special Listing Condition Not Applicable
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